The Chancery Division has held that the English Court has no jurisdiction over claims brought by Ukrainian bank Privatbank against its former owners, Igor Kolomoisky and Gennadiy Bogolyubov, and discharged worldwide freezing orders obtained by the Bank in support of those claims which the Bank had valued at US$2.6 billion.

ECJ confirms that Article 50 is unilaterally revocable by the United Kingdom

The full court of the European Court of Justice has confirmed that a Member State may revoke notification of its intention to withdraw from the European Union under Article 50 of the TEU unilaterally, without having to seek the unanimous agreement of the other Member States.